1979 (2) TMI 120

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....to the assessment year and not to the date of sale. 2. The assessee sold agricultural lands situated at on 28th Sept., 1972, 24th June, 1972 and 27th March, 1972. In view of the notification dt. 6th Feb., 1973, the agricultural lands within 8 Kms. of municipal limits had come within the definition of s. 2(14). The assessee contended before the AAC that the said notification dt. 6th Feb., 1973 w....

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....cation. He placed reliance on certain orders of the Tribunal. The learned departmental representative submitted that the assessee returned capital gain in respect of the sales of agricultural lands and so the assessee should not be permitted to dispute the chargeability of capital gains. He submitted that the notification dt. 6th Feb. 1973 is applicable for the asst. yr. 1973-74. Thus, he justifie....